Business Core Requirements

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All undergraduate students in the Driehaus College of Business complete foundational courses in the areas of accountancy, mathematics, economics, business law, finance, management, management information systems, and marketing.

Course Requirements

For a student to complete the Bachelor of Science in Business, the following Business Core courses totaling at least 66.0 hours are required:

MAT 135 and MAT 136 may be replaced by the sequence of MAT 147, MAT 148, and MAT 149; if done, an additional Scientific Inquiry course must be added to the degree plan

MAT 137 may be replaced by MAT 348 or MAT 351; if done, an additional Scientific Inquiry course must be added to the degree plan

MAT 135

BUSINESS CALCULUS

MAT 137

BUSINESS STATISTICS

Basic concepts of statistics and applications; data analysis with the use of Excel; theoretical distributions; sampling distributions; problems of estimation; hypothesis testing; problems of sampling; linear regression and correlation.

Prerequisites:

MAT 136 or equivalent is a prerequisite for this class.

MAT 150

CALCULUS I

Limits, continuity, the derivative, rules of differentiation, applications of the derivative, extrema, curve sketching, and optimization. This course meets for an additional 1.5-hour lab session each week for enrichment and problem solving.

Prerequisites:

MAT 131 or placement by test is a prerequisite for this course.

MAT 160

CALCULUS FOR MATHEMATICS AND SCIENCE MAJORS I

Limits, continuity, the derivative, rules of differentiation, applications of the derivative, extrema, curve sketching, and optimization. Course meets for an additional 1.5 hour lab session each week in order to cover the material in greater depth. Students considering a math major are advised to take the 160 or 170 sequence.

Prerequisites:

MAT 131 or placement by test is a prerequisite for this class.

MAT 151

CALCULUS II

Definite and indefinite integrals, the Fundamental Theorem of Calculus, applications of the integral, exponential and logarithmic functions, inverse trigonometric functions, techniques of integration. This course meets for an additional 1.5-hour lab session each week for enrichment and problem solving.

Prerequisites:

MAT 150 or MAT 160 or MAT 170 is a prerequisite for this class.

MAT 161

CALCULUS FOR MATHEMATICS AND SCIENCE MAJORS II

Definite and indefinite integrals, the Fundamental Theorem of Calculus, applications of the integral, exponential and logarithmic functions, inverse trigonometric functions, techniques of integration. Course meets for an additional 1.5 hour lab session each week in order to cover the material in greater depth.

Prerequisites:

MAT 150 or MAT 160 or MAT 170 is a prerequisite for this course.

MAT 147

CALCULUS WITH INTEGRATED PRECALCULUS I

Limits, continuity, the derivative, rules of differentiation, and applications, with precalculus review included for each topic. The full MAT 147-8-9 sequence covers all the material of MAT 150-1-2 plus additional precalculus material.

Prerequisites:

MAT 130 or equivalents or placement by test is a prerequisite for this course.

MAT 148

CALCULUS WITH INTEGRATED PRECALCULUS II

Extrema, curve sketching, related rates, definite and indefinite integrals, applications of the integral, exponential and logarithmic functions, with precalculus review included for each topic.

Prerequisites:

MAT 147 is a prerequisite for this class.

MAT 149

CALCULUS WITH INTEGRATED PRECALCULUS III

Techniques of integration, L'Hopital's rule, improper integrals, Taylor polynomials, series and sequences, first-order differential equations, with precalculus review included for each topic.

Prerequisites:

MAT 261 is a prerequisite for this class.

ACC 101

INTRODUCTION TO ACCOUNTING I

Introduction to Accounting I, provides an introduction to financial accounting as the means of recording, storing and summarizing economic events of the business enterprise to meet external reporting needs. Emphasis is placed on the preparation and analysis of financial statements and other financial reports to the public based on the accounting equation, accrual accounting concepts, and data gathering techniques. Topics include corporate accounting for current and long term assets and current liabilities, and the corporate income statement. . ACC 100 is a mandatory lab component of ACC 101, except for Summer and Strobel Honors sections.

Prerequisites:

MAT 130 is a prerequisite for this class.

ACC 102

INTRODUCTION TO ACCOUNTING II

Introduction to Accounting II, a companion and sequel course to Accounting 101, continues to explore basic accounting fundamentals and concepts. The course provides an introduction to managerial accounting and internal reporting. Topics include financial accounting for long-term liabilities, the components of stockholders equity, the statement of cash flows, financial statement analysis, budgeting and variance analysis, job costing for the service sector and cost analysis for decision-making.

Prerequisites:

ACC 101 is a prerequisite for this class.

BLW 201

LEGAL & ETHICAL ASPECTS IN THE BUSINESS ENVIRONMENT

Legal and Ethical Aspects in the Business Environment. Study of the nature and philosophy of law including ethical perspectives and fundamental concepts and legal principles of sales contracts, product liability, business organizations, and employment law including ethical and social responsibilities in the managerial process.

Prerequisites:

Sophomore standing is a prerequisite for this class.

ECO 105

PRINCIPLES OF MICROECONOMICS

Principles of Microeconomics. Basic theories of micro (or individual) economic units; the theory of consumer demand, the firm, and distribution; pricing and production in competitive, monopolistic and oligopolistic industries.

Prerequisites:

MAT 130 or equivalent is a prerequisite for this class.

ECO 106

PRINCIPLES OF MACROECONOMICS

Principles of Macroeconomics. Fundamental theories of macro (or aggregate) economics: supply and demand, national income accounting and analysis, and international trade. Analysis of unemployment, and inflation, and policies designed to combat these and other current problems.

Prerequisites:

MAT 130 or equivalent is a prerequisite for this class.

ECO 315

INTRODUCTION TO MONEY AND BANKING

Introduction to Money and Banking. The structure of the American banking system; role of the Federal Reserve System; private financial markets and institutions; the effectiveness of monetary policy, and international finance.

Prerequisites:

ECO 105, ECO 106 and (MAT 130 or equivalent) are a prerequisite for this class.

FIN 310

INTRODUCTION TO FINANCE

This course introduces students to the logic, principles, institutions, and terminology of finance. The goal of the course is to provide students with a basic understanding of the role of finance and its functions. It is designed to familiarize the students with tools necessary for making sound financial decisions, both at a personal level and at an enterprise level.

Prerequisites:

ACC 101, ACC 102, ECO 105 and (MAT137 or equivalent) are a prerequisite for this class.

MIS 140

MANAGEMENT INFORMATION SYSTEMS

Management Information Systems addresses how information technology is used to support business operations and management, especially the use of spreadsheets in business applications to insure that students can analyze and present business data. Topics include strategic uses of IT, databases, data warehouse, decision support and artificial intelligence, e-commerce, systems development, IT infrastructure, security, emerging trends, social, ethical and legal considerations. Formerly MIS 340.

MKT 301

PRINCIPLES OF MARKETING

Marketing 301 introduces basic marketing terminology and the relationships between and among these terms relevant to the creation and implementation of basic marketing strategy. The course content also focuses upon the controllable and uncontrollable variables which have bearing on the success or failure of marketing programs. The course also provides students with opportunities to demonstrate their ability to connect concepts discussed in the text and those same concepts appearing in academic and practitioner publications and popular business periodicals.

Prerequisites:

MAT 137 or equivalent is a prerequisite for this class.

MKT 310

CONSUMER BEHAVIOR

An analysis of the environmental, social and psychological factors that influence an individual's consumer decisions. Specific areas studies will be consumer motivation, attitudes, learning and decision processes, as well as lifestyles, reference groups, communication and cultural influences.

Prerequisites:

MKT 301 is a prerequisite for this class.

ICS 394

ENTREPRENEURSHIP STRATEGY

This course is an overview of strategic management applied to entrepreneurial enterprises. General business management problems integrating marketing, accounting, finance and management functions are analyzed from the perspective of the CEO or entrepreneur concerned with start-up and planning of a new venture. The case method is used in this course and real "live" cases may be analyzed. The entrepreneurial process is investigated, including entrepreneurial characteristics, trends in the small business sector of the global economy, start-up and growth strategies and nurturing creativity in organizations. Focus is placed on either a consulting project with a small business or community organization, which may require time outside of class for the project, or on case studies.

Prerequisites:

(FIN 290 or FIN 310), MGT 300, MKT 310 and senior standing are a prerequisite for this class.

ICS 395

MANAGEMENT STRATEGY

Management strategy is a course which synthesizes the functional business activities into a general management perspective of the business enterprise. This course presents a conceptual framework for understanding the operation of the firm within the global business environment. Corporate strategy is examined from the perspective of: strategic choice, the link between strategy and organization, and the management of strategic change. Examples will be drawn from service, manufacturing, and not-for-profit organizations. The course emphasizes the use of group decision-making, self-directed work teams, and formal group reports and presentations.

Prerequisites:

MGT 300, MKT 310 and FIN 310 are a prerequisite for this class.

MKT 376

EFFECTIVE BUSINESS COMMUNICATION

This course is designed to expand the participant's communication skills through the application of the principles of communication science and the psychology of persuasion in a contemporary business setting. Students are shown how to develop successful communication and message packaging strategies useful in a variety of communication venues including: memos, meetings, briefings, interviews and individual and team presentations. Oral presentations and written communication techniques are explored including use of visuals, computer graphics, and layout techniques. The mechanisms of Speech Apprehension (stage fright) are presented as well as techniques for management and reduction of this common, debilitating phenomenon. Personal ethics and credibility are explored as important components of effective communication, both individually and as part of a team. THIS COURSE IS REQUIRED FOR ALL MARKETING MAJORS.

ORGC 201

BUSINESS AND PROFESSIONAL COMMUNICATION

Employers demand strong communication and presentation skills. In order to compete effectively in the job market, students need to acquire and practice the written and oral communication skills needed to interview successfully. Furthermore, as a professional you will not only be expected to be a confident speaker, but also to organize and prepare clear, concise and interesting presentations. You will also need to communicate effectively while working as the member of a team or in other group contexts. In developing the knowledge, competencies and skills needed to communicate effectively in these and other contexts, this course will embrace opportunities for both critical thinking and applied problem solving. (Formerly CMNS 201)

ECO 316

EUROPEAN ECONOMIC HISTORY

European Economic History. Major factors and institutions which have influenced the economic development of European nations. Impact of these nations on U.S. development is also discussed.

Prerequisites:

ECO 105, ECO 106 and (MAT 130 or equivalent) are a prerequisite for this class.

ECO 333

TOPICS IN GLOBAL ECONOMIES

This course provides an introduction to the major changes in the global economy in the twentieth century. It will devote particular attention to comparative analysis of national economic institutions and performance and business conditions, as well as prominent international institutions such as the International Monetary Fund, World Bank, and World Trade Organization. Knowledge of microeconomic and macroeconomic analysis (Economics 105 and 106) will be presumed and applied to global economic flows and national institutions. Selection of countries and case studies from advanced and developing countries will vary according to recent economic developments.

Prerequisites:

ECO 105, ECO 106 and (MAT 130 or equivalent) are a prerequisite for this class.

ECO 334

UNDERSTANDING CHINA'S ECONOMY

The expansion of relations between China and foreign enterprises continues to entwine China's economy with those of the world. This course will analyze China's continuing evolution into a global market economy. We will examine China's impact to the world economy and the problems that must be overcome for China to continue its dynamic growth. We will further discuss the characteristics of China's evolution and how they can be extrapolated to other nations undergoing similar transitions.

Prerequisites:

ECO 105, ECO 106 and (MAT 130 or equivalent) are a prerequisite for this class.

ECO 360

ECONOMICS OF LOW-INCOME COUNTRIES

This course analyzes economic development issues in low-income countries. Attention is given to several key issues including agricultural and rural development, population growth, human capital, international trade, foreign resource flows, the role of the public sector, and environmental quality.

Prerequisites:

ECO 105, ECO 106 and (MAT 130 or equivalent) are a prerequisite for this class.

ECO 361

INTERNATIONAL TRADE

This course deals primarily with the trade side of international economic relations, the gains from trade and barriers to trade. The main objective is the development of analytical tools required for an understanding of the gains from trade and barriers to trade. Particular emphasis is placed on currently pressing issues including the impact of trade on domestic employment and income, international trade tensions, and the rise of regional trade blocks.

Prerequisites:

ECO 105, ECO 106 and (MAT 130 or equivalent) are a prerequisite for this class.

ECO 362

INTERNATIONAL MONETARY ECONOMICS

How do fiscal and monetary policy choices change as a country's economy opens more and more to international trade and capital flows? This question and others of international importance will be analyzed with an open-economy, macroeconomic framework. Topics to be explored will include: the foreign exchange market under both fixed and floating exchange rate regimes; the balance of payments, output, prices, and income in an open economy; the international monetary system; and the macro issues of economic development and transition.

Prerequisites:

ECO 105, ECO 106 and (MAT 130 or equivalent) are a prerequisite for this class.

ECO 398

SPECIAL TOPICS

Special Topics. Content and format of this course are variable. All topics will include an in-depth study of current issues in Economics. Subject matter will be indicated in class schedule.

Prerequisites:

ECO 105, ECO 106 and (MAT 130 or equivalent) are a prerequisite for this class.

FIN 340

INTERNATIONAL FINANCE

The objectives of this course include: understanding the effect of political and economic factors on the financial decision-making of the firm, determining the major factors influencing currency value; analyzing and managing the spectrum of risks arising from a firm's international operations; and acquiring knowledge of the international financial system and the major players in that system.

Prerequisites:

FIN 320 is a prerequisite for this class.

FIN 398

SPECIAL TOPICS

Content and format of this course are variable. An in-depth study of current issues in finance. Subject matter will be indicated in class schedule.

Prerequisites:

FIN 310 is a prerequisite for this class.

ICS 350

INTERNATIONAL BUSINESS SEMINAR

This foreign study course is meant to introduce the student to the world of international life and business as it is today. The course provides students the opportunity to visit and study foreign commercial enterprises on-site as they exist today. Additional emphasis is placed on the understanding overseas cultures, self-reference criteria, and the fact that people around the world can maintain/develop hopes and dreams within their own lifestyle even though it may differ from others. Most courses in this group will count for liberal studies credit as an experiential learning course. See the Director of the Driehaus Center for International Business or the College of Commerce undergraduate office for additional information. Registration with the Driehaus Center is required. International Business Seminars may not be taken Pass/Fail.

MGT 354

GLOBAL HUMAN RESOURCE MANAGEMENT

Concepts, theories, principles and techniques for effectively managing a workforce globally. The focus is on effective strategies relating to human resource strategy, staffing, development, performance management, remuneration management, legal/regulatory compliance and employee/labor relations in geographically dispersed and culturally diverse organizations. The purpose of the course is to help students understand the issues related to effectively managing a workforce in a global organization and how human resource strategies and programs can enable the workforce to contribute to organizational success.

Prerequisites:

MGT 300 is a prerequisite for this class.

MGT 357

INTERNATIONAL BUSINESS

This course is designed to develop students' knowledge and the skills needed to face the challenges of globalization. It provides participants with the global perspective required to expand their intercultural communication competencies and conduct business internationally. The subjects scheduled are diversified in nature and scope. They cover many fields of knowledge such as the multi-national company's environment, culture, strategy and organization as well as the role of managers in today's global business. The course topics and assignments are intended to enrich participants' professional and personal lives.

MKT 340

MARKETING ACROSS CULTURES: A CULTURAL PERSPECTIVE ON MULTICULTURAL MARKETS

The course is designed to challenge students to think critically about culture and international marketing, with an emphasis and perspective on multicultural markets. The course is structured to examine cross-cultural and intercultural approaches that intertwine with the international business environment and the impact that both have on the marketing of goods and services.

Prerequisites:

MKT 202, MKT 301 and MKT 310 are a prerequisite for this class.

MKT 358

MARKETING IN A GLOBAL ENVIRONMENT

This final course in the IME sequence provides a strategic perspective for marketing management in a global environment. The course will address company organization, industry structure, firm's competitiveness, marketing activities, and market-entry strategies. Course milestones will address the issues and decisions normally associated with international market expansion. The course is a hands-on learning experience for the student/team through the introduction and interaction with a Chicago-based company currently involved in international business. 4 quarter hours. Offered every Spring.

Prerequisites:

Acceptance into the IME program is a prerequisite for this class.

MKT 360

INTERNATIONAL MARKETING

The course is designed to provide students with an understanding of international marketing within a global framework. The course focuses on marketing concepts, theories, and principles applicable to international marketing management. The course is structured to examine the environmental factors (political, economic, cultural, and demographics) that drive host-country governments' goals and objectives that affect firms and industries operating in developed and emerging markets of the world. Emphasis is placed on marketing strategies to emerging economies in different regions of the world and to how to start, develop and become a truly global marketing force today.

Prerequisites:

MKT 202, MKT 301 and MKT 310 are a prerequisite for this class.

WRD 202

PROFESSIONAL WRITING FOR BUSINESS

Effective organization and design of documents common in business life - letters, memos, reports, and resumes. Attention to audience, purpose, and style. Two quarter hours credit.

Prerequisites:

WRD 104 or HON 100 is a prerequisite for this course.

WRD 204

TECHNICAL WRITING

In this course, students learn to communicate and interpret specialized information for readers' practical use. The course highlights the action-orientated goals of technical writing and the importance of accurately communicating information to users. The course provides an overview of key issues related to technical writing such as usability, audience analysis, designing pages and screens, effective collaboration with peers, interpreting and presenting data, and writing clearly and persuasively. Students learn to write, revise and present common technical writing genres such as instructions, tutorials, manuals, reports, product/process descriptions, proposals, and oral presentations.

WRD 206

INTRODUCTION TO PROFESSIONAL WRITING

In this introductory course, students learn fundamentals of professional writing, with a special focus on distinguishing academic writing from workplace writing. The course provides a solid foundation that students can build on as they develop specializations in their professional fields. Through a series of short assignments, students explore the structure and format of typical professional writing documents, examine a variety of workplace writing situations, and begin developing a clear and concise style appropriate for professional settings. Students analyze and write a number of workplace genres, such as memos, emails, letters, resumes, short reports, web documents, and professional presentations.

WRD 301

WRITING IN WORKPLACE CONTEXTS (FORMERLY ENG 301)

Students examine the roles of writing (transactional, informative, and persuasive) in professional contexts and learn common features of workplace writing situations (internal vs. external documents, collaboration, distribution of expertise and authority, content management, globalization) and strategies for responding to them. They will also learn about stylistic conventions common to workplace genres (building an effective professional persona through writing - tone, document design) and their typical formats. Theory and analysis will ground discussions of production and production-based projects. Formerly ENG 301.

MAT 135

BUSINESS CALCULUS I

Differential calculus of one or more variables with business applications.

Prerequisites:

MAT 130 or equivalent is a prerequisite for this class.

Grade Minimums for Economics Major

A minimum grade of C- is required for the following: ACC 101, ACC 102, BLW 201, ECO 105, ECO 106, ECO 315, MAT 135, MAT 136, MAT 137, the course used for Professional Writing, and any ECO course used for Global Business Perspective.

Global Business Perspective

If an ECO course is shared between Global Business Perspective and the Economics major, additional hours of Open Elective credit are required.